Grant Thornton Settles With Funds Over Refco Collapse

By Eric Hornbeck

Law360, New York (August 28, 2013, 3:46 PM ET) -- A New York federal judge signed off on a settlement Wednesday between investment funds and auditing firm Grant Thornton LLP, which joined Mayer Brown LLP in putting to rest allegations it helped now-defunct Refco Inc. carry out its $1.5 billion securities fraud scheme.

The terms of the settlement approved by U.S. District Judge Jed S. Rakoff weren't disclosed, and attorneys involved in the case didn't immediately respond to requests for comment Wednesday. On Aug. 16, Judge Rakoff also signed off a settlement of undisclosed terms between...